Yury Dvorkin

Incentivizing Investment and Reliability: A Study on Electricity Capacity Markets

  • Cheng Guo
  • Christian Kroer
  • Yury Dvorkin
  • Daniel Bienstock
    • Categories Applications - OR and Management Sciences, Energy Tags , ,

    The capacity market, a marketplace to exchange available generation capacity for electricity production, provides a major revenue stream for generators and is adopted in several U.S. regions. A subject of ongoing debate, the capacity market is viewed by its proponents as a crucial mechanism to ensure system reliability, while critics highlight its drawbacks such as … Read more

    Risk-Aware Security-Constrained Unit Commitment

  • Daniel Bienstock
  • Yury Dvorkin
  • Cheng Guo
  • Robert Mieth
  • Jiayi Wang
    • Categories Applications - OR and Management Sciences Tags , ,

    To better handle real-time load and wind generation volatility in unit commitment, we present an enhancement to the computation of security-constrained unit commitment (SCUC) problem. More specifically, we propose a two-stage optimization model for SCUC, which aims to provide a risk-aware schedule for power generation. Our model features a data-driven uncertainty set based on principal … Read more